$415.20 Million in Sales Expected for Eagle Materials Inc (EXP) This Quarter
Wall Street analysts expect Eagle Materials Inc (NYSE:EXP) to post $415.20 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Eagle Materials’ earnings, with the highest sales estimate coming in at $416.70 million and the lowest estimate coming in at $413.70 million. Eagle Materials posted sales of $332.66 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 24.8%. The company is scheduled to report its next earnings report on Monday, October 23rd.
On average, analysts expect that Eagle Materials will report full year sales of $415.20 million for the current year, with estimates ranging from $1.48 billion to $1.49 billion. For the next year, analysts forecast that the firm will post sales of $1.65 billion per share. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Eagle Materials.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Thursday, July 27th. The construction company reported $1.17 EPS for the quarter, meeting the consensus estimate of $1.17. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The company had revenue of $366.10 million for the quarter, compared to analyst estimates of $369.68 million. During the same period last year, the company earned $0.93 earnings per share. Eagle Materials’s quarterly revenue was up 23.1% compared to the same quarter last year.
A number of research analysts have issued reports on EXP shares. Standpoint Research cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. They noted that the move was a valuation call. Zacks Investment Research raised Eagle Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. BidaskClub raised Eagle Materials from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Citigroup Inc. upgraded Eagle Materials from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $115.00 to $110.00 in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $107.00.
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In related news, insider Gerald J. Essl sold 2,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $93.40, for a total transaction of $186,800.00. Following the sale, the insider now owns 39,859 shares of the company’s stock, valued at $3,722,830.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP William R. Devlin sold 16,469 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $96.51, for a total value of $1,589,423.19. Following the sale, the senior vice president now directly owns 51,973 shares in the company, valued at approximately $5,015,914.23. The disclosure for this sale can be found here. Insiders sold a total of 69,774 shares of company stock worth $6,798,741 over the last quarter. Insiders own 4.10% of the company’s stock.
A number of institutional investors have recently bought and sold shares of EXP. Eqis Capital Management Inc. acquired a new position in Eagle Materials in the 3rd quarter valued at about $376,000. Advisory Services Network LLC lifted its holdings in Eagle Materials by 22.5% in the 2nd quarter. Advisory Services Network LLC now owns 11,316 shares of the construction company’s stock valued at $1,046,000 after purchasing an additional 2,075 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in Eagle Materials by 0.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 661,572 shares of the construction company’s stock valued at $61,049,000 after purchasing an additional 4,883 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Eagle Materials by 1.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,525 shares of the construction company’s stock valued at $1,342,000 after purchasing an additional 254 shares in the last quarter. Finally, Nomura Holdings Inc. lifted its holdings in Eagle Materials by 24.5% in the 2nd quarter. Nomura Holdings Inc. now owns 11,357 shares of the construction company’s stock valued at $1,050,000 after purchasing an additional 2,235 shares in the last quarter. Hedge funds and other institutional investors own 91.02% of the company’s stock.
Shares of Eagle Materials (EXP) opened at 106.60 on Wednesday. The company has a 50-day moving average price of $98.62 and a 200 day moving average price of $95.99. Eagle Materials has a 12-month low of $73.83 and a 12-month high of $110.64. The firm has a market capitalization of $5.17 billion, a PE ratio of 24.78 and a beta of 1.17.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Friday, October 6th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Thursday, October 5th. Eagle Materials’s dividend payout ratio is currently 9.30%.
Eagle Materials Company Profile
Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.
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